Union Bancaire Privee UBP SA Invests $351,000 in Halliburton (NYSE:HAL)

Union Bancaire Privee UBP SA bought a new stake in Halliburton (NYSE:HAL) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 12,927 shares of the oilfield services company’s stock, valued at approximately $351,000.

Several other hedge funds and other institutional investors have also made changes to their positions in HAL. Delta Financial Group Inc. bought a new position in Halliburton during the fourth quarter worth about $277,000. Arcadia Investment Management Corp MI lifted its position in shares of Halliburton by 3.4% in the fourth quarter. Arcadia Investment Management Corp MI now owns 51,890 shares of the oilfield services company’s stock valued at $1,411,000 after buying an additional 1,685 shares during the last quarter. Ieq Capital LLC boosted its stake in shares of Halliburton by 21.5% during the 4th quarter. Ieq Capital LLC now owns 51,330 shares of the oilfield services company’s stock worth $1,396,000 after acquiring an additional 9,072 shares during the period. Bryn Mawr Capital Management LLC increased its holdings in shares of Halliburton by 20.0% during the 4th quarter. Bryn Mawr Capital Management LLC now owns 11,334 shares of the oilfield services company’s stock worth $308,000 after acquiring an additional 1,888 shares during the last quarter. Finally, Alberta Investment Management Corp bought a new stake in Halliburton in the 4th quarter valued at $2,978,000. 85.23% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on HAL shares. Barclays lowered their price target on shares of Halliburton from $32.00 to $30.00 and set an “equal weight” rating on the stock in a report on Thursday, January 23rd. Morgan Stanley lowered their target price on Halliburton from $35.00 to $34.00 and set an “overweight” rating on the stock in a research note on Monday, November 18th. UBS Group downgraded Halliburton from a “buy” rating to a “neutral” rating and reduced their price target for the company from $36.00 to $34.00 in a research note on Monday, December 9th. Piper Sandler initiated coverage on Halliburton in a research report on Thursday, December 19th. They set an “overweight” rating and a $36.00 price objective on the stock. Finally, Benchmark dropped their target price on Halliburton from $40.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, Halliburton has a consensus rating of “Moderate Buy” and a consensus target price of $37.42.

Halliburton Price Performance

Shares of NYSE:HAL opened at $26.76 on Tuesday. The firm has a market cap of $23.23 billion, a PE ratio of 9.45, a price-to-earnings-growth ratio of 3.79 and a beta of 1.89. Halliburton has a 52 week low of $25.16 and a 52 week high of $41.56. The firm’s fifty day moving average is $27.04 and its 200-day moving average is $28.87. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.54 and a current ratio of 2.05.

Halliburton Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.54%. The ex-dividend date is Wednesday, March 5th. Halliburton’s payout ratio is presently 24.03%.

Insider Buying and Selling at Halliburton

In other news, CFO Eric Carre sold 141,206 shares of the business’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $26.13, for a total value of $3,689,712.78. Following the transaction, the chief financial officer now owns 127,101 shares in the company, valued at approximately $3,321,149.13. The trade was a 52.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.61% of the company’s stock.

Halliburton Company Profile

Halliburton Company provides products and services to the energy industry worldwide. It operates through two segments, Completion and Production, and Drilling and Evaluation. The Completion and Production segment offers production enhancement services that include stimulation and sand control services; cementing services, such as well bonding and casing, and casing equipment; and completion tools that offer downhole solutions and services, including well completion products and services, intelligent well completions, and service tools, as well as liner hanger, sand control, and multilateral systems.